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Rolling Along the Interstate: FedEx, UPS Lead Convoy on I-95

NEW YORK (TheStreet) -- Whenever my wife and I travel from Tampa Bay up north, I keep an eye on truck traffic to gauge economic activity.

Truck traffic was significantly heavier last week than it was during our last trip last August. Although I did not see any major trucking company dominate the interstate, I noticed more Federal Express (FDX - Get Report) and United Parcel Services (UPS - Get Report) trucks in both directions of our trip.

Many truckers are stopping along the way at TravelCenters of America (TA) for the rest stop's full-service hospitality, which includes fuel, dining, showers and heavy truck repairs. My wife and I like to use these service areas because you know the rest rooms will be clean.

The three stocks mentioned above are lagging the Dow Transportation Average, which set an all-time intraday high at 7938.42 on Thursday, up 7.1% year to date.

FedEx ($139.33 at Thursday's close) is down 3.1% year to date and up 8.7% since its 2014 low at $128.17 set on Feb. 4. The daily chart is neutral with the stock above its 21-day, 50-day and 200-day simple moving averages at $137.39, $135.78 and $129.91, respectively. The 2014 low was $128.17 on Feb.4.

The weekly chart for FedEx is positive with its five-week modified moving average at $136.68 and its 200-week MMA at $98.78. Semiannual and quarterly value levels are $133.40 and $127.54, respectively, with a monthly risky level at $159.15.

United Parcel Services ($101.66 at Thursday's close) is down 3.3% year to date and up 9.1% since its 2014 low at $93.18 set on Feb. 4. The daily chart is neutral with the stock above its 21-day, 50-day and 200-day SMAs at $99.69, $98.35 and $96.28.

The weekly chart is positive with its five-week MMA at $99.29 and its 200-week SMA at $79.30. My quarterly value level is $94.31 with semiannual pivots at $100.46 and $103.68 and monthly risky level at $110.52.

TravelCenters ($7.86 at Thursday's close) is down 19.3% year to date and up 9.5% since its 2014 low at $7.18 set on May 5. The daily chart is neutral with the stock above its 21-day SMA at $7.54, on the cusp of its 50- day SMA at $7.87 and below its 200-day SMA at $8.51.

The weekly chart for TravelCenters is neutral with its five-week MMA at $7.80 and its 200-week SMA at $6.43 with an oversold 12x3x3 weekly slow stochastic. This week's value level is $7.22 with a semiannual pivot at $8.02 and semiannual, quarterly and monthly risky levels at $9.06, $9.12 and $9.61, respectively.

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At the time of publication, the author held no positions in any of the stocks mentioned.

Follow @Suttmeier

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff

Richard Suttmeier is the chief market strategist at ValuEngine.com. He has been a professional in the U.S. Capital Markets since 1972, transferring his engineering skills to the trading and investment world.

Suttmeier has an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. He became the first long bond trader for Bache in 1978, and formed the Government Bond Department at LF Rothschild in 1981, helping establish that firm as a primary dealer in 1986. This experience gives him the insights to be an expert on monetary policy, which he features in his newsletters, and market commentary.

Suttmeier's industry licenses include, Series 7 and Registered Principal (Series 24). He has been the Chief Market Strategist for ValuEngine.com since 2008 and often appears on financial TV.

Click here for details on Suttmeier's "Buy and Trade" investment strategy.

Richard Suttmeier can be reached at RSuttmeier@Gmail.com

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